Norway tells largest sovereign wealth fund to buy on dip

Norway’s $650 billion wealth fund, the world’s largest, now has to buy stocks as they slump. The government this month codified that the fund, which goes by the official name of the Government Pension Fund Global, has to buy stocks when markets are falling as part of a strategy it calls re-balancing.
The process will be triggered when the fund’s stock weighting deviates more than 4 percentage points from its 60 percent mandated level at the end of a month………………………………………..Full Article: Source